Wentworth Economic Development Corp

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

John S TerrillJr

Phone

6035694216

Tax Period

2024-01-01 to 2024-12-31

Wentworth Economic Development Corp, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $270K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $75K, a strong 28% operating margin.

Mission

FOUNDED FOR THE SOLE PURPOSE OF PROMOTING ECONOMIC GROWTH IN THE EASTERN LAKES REGION

Program Service Accomplishments

Program 1

Expenses: $39,362 Revenue: $269,574

WEDCO IS A 501(c) 3 OPERATING IN SOUTHERN CARROLL AND NORTHERN STRAFFORD COUNTIES WITH A STATED MISSION TO ADVISE, FINANCE AND PROMOTE THE SMALL BUSINESS ECONOMY IN THE EASTERN LAKES REGION OF NEW...

WEDCO IS A 501(c) 3 OPERATING IN SOUTHERN CARROLL AND NORTHERN STRAFFORD COUNTIES WITH A STATED MISSION TO ADVISE, FINANCE AND PROMOTE THE SMALL BUSINESS ECONOMY IN THE EASTERN LAKES REGION OF NEW HAMPSHIRE. WE FINANCE THOSE THAT MAY NOT MEET THE STANDARDS OF LARGER FINANCIAL INSTITUTIONS FOCUSING ON CHARACTER, CAPACITY TO REPAY AND CLARITY OF THE BUSINESS PLAN, WEDCO STRIVES TO ENSURE SUSTAINABILITY OF OUR FUNDING SOURCES WHILE WORKING WITH THE OFTEN FINANCIALLY UNDERSERVED. WE ARE COMMITTED TO BUSINESS ADVISING FOR ALL SMALL BUSINESS ENTREPENEURS. TOO MANY GREAT IDEAS FAIL BECAUSE OF LACK OF BUSINESS ACUMEN. WE CONNECT OUR CLIENTS AT NO EXPENSE TO THE RESOURCES THEY NEED FOR LONG TERM SUCCESS

Program 2

Expenses: $0 Revenue: $0

WE ALSO WORK WITH COMMUNITY PARTNERS TO HELP LOW TO MODERATE INCOME INDIVIDUALS ACIEVE THEIR GOALS THROUGH TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO BUILD MORE BUSINESS EDUCATED ENTREPRENEURS. OUR...

WE ALSO WORK WITH COMMUNITY PARTNERS TO HELP LOW TO MODERATE INCOME INDIVIDUALS ACIEVE THEIR GOALS THROUGH TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO BUILD MORE BUSINESS EDUCATED ENTREPRENEURS. OUR PROMOTION OF THE SMALL BUSINESS ECONOMY OF THE EASTERN LAKES REGION HELPS BRING ECONOMIC STABILITY WHERE IT IS NEEDED MOST. WHEN ONE BUSINESS DOES WELL, A NEIGHBORING BUSINESS MAY DO WELL. WHEN ONE BUSINESS STRUGGLES, A NEIGHBORING BUSINESS MAY STRUGGLE. WORKING IN CONJUNCTION WITH REGIONAL ECONOMIC DEVELOPMENT COMMITTEES AND MUNICIPALITIES WILL HELP BUILD A MORE BUSINESS FRIENDLY ENVIROMENT WHICH IN TURN WILL LEAD TO A HEALTHY SMALL BUSINESS ECONOMY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $136,849

Program Service Revenue $129,259

Investment Income $28

Other Revenue $3,437

TOTAL REVENUE $269,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,353

Fundraising Expenses $0

Program Expenses $39,362

Other Expenses $95,601

TOTAL EXPENSES $194,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,573	$581,662	-0.5%
Expenses	$194,954	$658,803	-0.7%
Net Income	$74,619	$-77,141	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$71,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Terrill Jr	executive director	40.00	Officer	$23,833	$47,567	$71,400
Daniel Osetek	president	2.00	Director	$0	$0	$0
Bruce Woodruff	vice president	2.00	Director	$0	$0	$0
John Libby	treasurer	2.00	Director	$0	$0	$0
Debra Golder	secretary	2.00	Director	$0	$0	$0
Kathy Fairman	director	2.00	Director	$0	$0	$0
Laura Colbath	director	2.00	Director	$0	$0	$0
Jami Bourdeau	director	2.00	Director	$0	$0	$0
Monika O'Clair	director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$269,573	$194,954	$2,217,886	$74,619
2023	$581,662	$658,803	$1,857,711	$-77,141
2022	$255,575	$265,269	$1,587,028	$-9,694
2021	$327,805	$289,689	$1,560,305	$38,116
2020	$298,605	$241,345	$1,401,278	$57,260
2019	$212,031	$248,534	$1,605,085	$-36,503
2018	$183,343	$232,109	$1,410,895	$-48,766